Your assets are scattered across multiple custodians. It is becoming increasingly complex to keep track of them.
It is no longer just stocks, bonds and real estate spread across multiple places. Assets like crypto, private investments, alternative investments, foreign investments, loans to family/friends, collectibles, precious metals, domain names, trademarks & other digital assets also have need to be tracked.
Kubera helps you organize all your wealth in one place and keep regular track of your net worth in a very simple intuitive way. It also ensures safe transfer of this information to your beneficiary.
Connecting to financial Institutions is messy and error-prone. Most finance tools rely on just one 3rd party account aggregator service which might not give you 100% coverage. Kubera uses multiple aggregators - Plaid, Yodlee, Salt Edge and Zabo - to connect to multi-currency bank accounts, brokerages, fintech apps around the world and crypto wallets. Based on geography and financial institution, Kubera will automatically pick the best aggregator and if the first attempt fails, it gives a Plan B option to try connecting using a fallback provider.
Plaid, Yodlee, Salt Edge and Zabo are market leaders in financial data aggregation services used by leading FinTech innovators and financial institutions worldwide. They provide only a read-only interface to Kubera; therefore Kubera cannot make any transactions on your behalf. Your financial institution credentials are directly sent from your browser. Kubera servers will never see your bank, brokerage and crypto account credentials.
Mint and YNAB are primarily budgeting tools with some net worth tracking thrown in. A budgeting tool is great for young people who are earning a regular paycheck and starting their “grown-up” life with all of the expenses and freedom to spend that comes with it.
Personal Capital is an online financial advisor that uses both a robo-advisor algorithm and financial advisors. The free net worth tracker tool is their lead generation tool. So while you can use it for free, their wealth advisory will be heavily marketed to you. They also don't provide any feature that's outside their advisory service scope.
Kubera is a modern-day Net Worth Tracker that's not associated with a wealth advisory. It’s simple to use, supports all kinds of assets, can link to your online accounts - banks and brokerages around the world, crypto wallets, supports multiple currency, has storage for related documents and a unique sharing feature to ensure the information gets passed on to your beneficiary if something happens to you.
Mint, YNAB, and Personal Capital are also not equipped to track digital assets like cryptocurrencies. Kubera natively supports all major cryptocurrencies and has the ability to connect to 20+ popular crypto exchanges and wallets to track your digital assets automatically.
On the surface, Excel (or Google sheets) seems like a pretty simple program without much of a learning curve. Just enter the data into rows and columns and you can look it over at any time. Google Sheets has also the advantage of sharing features so others can access the same information if you allow them to. But in order to make the best use of Excel or Google Sheets as a financial planner, you need to learn how to use formulas - from simple summing up to pretty complex ones if you want automatic updates.
Kubera also allows you to quickly enter information into a simple table but you don't have to learn formulas to get your totals and percentages. The rows can be connected to your online banks, investments and crypto accounts to update the numbers and holdings automatically. You can keep related notes and upload documents in context against every row. And finally Kubera has unique sharing features that's designed to ensure this information pass on safely to your beneficiary only if you’re inactive for a certain number of days and don’t respond to Kubera’s attempts to reach you.
Our only intention is to make a great modern solution to track wealth. By design, our business model is “privacy-friendly”. We make money by charging you a subscription. So, we don’t have any business motivation to sell your data to 3rd parties or for advertising. We totally understand that we are storing your sensitive data and protecting it is our highest priority.
Kubera is well capitalized. Our founders had two successful exits in 2018 - Webyog (an enterprise database tools company with 35k customers) & CloudMagic (creators of Newton - a popular email app). The team has a proven track record of building multiple companies together and creating beautiful products used by millions.
In the event of Kubera shutting down, we'll let everyone know at least 90 days in advance. We will proactively mail you all data and files in industry standard formats (Excel & ZIP). If you do not download your data even after multiple reminders, it'll be sent to your Beneficiary and finally to your Trusted Angel in case the Beneficiary also fails to respond.
Kubera (Sanskrit: कुबेर) is the Lord of Wealth according to Indian mythology.